In the oil industry there is an economic term that is quite sinister-sounding being thrown around: “Demand destruction.”

Demand destruction is when the price of a product is looked at comprehensively as too high, therefore causing demand to tank.

So, why would the oil industry be concerned about this?  Well, the fact is that since the summer of $4 per gallon gas, demand has continued to stay low.  American motorists have pretty much completely stopped purchasing cars that get low-mileage and have given up on large gas-guzzlers, even since oil prices have fallen drastically. Many motorists are just holding onto their current vehicles and purchasing used car warranties. People are still driving fewer miles, even as gas prices go down.

Whatever the cause may be of the summer’s oil spike, it seems that there is no going back.  The most solid sign of demand destruction is carmakers’ shift to vehicles that are more fuel-efficient.

It might just be that the most oil-hungry country in the world has finally had enough, or maybe OPEC and the oil industry are driving down prices again as quickly as possible, hopeful for one last hurrah.

One way to improve our world would be to alleviate road rage.  Everyone has gotten angry with another driver after being cut off. Wouldn’t it be great if we all had cars that helped curb road rage?  Well, those vehicles have arrived.

Toyota’s RIN has friendliness in mind.  It has wide, deep windows that allow the driver to stay connected with the environment.  The headlights on the car have controls for light distribution that allow the driver to be considerate to other drivers.  It even has features that reflect the psychological state that the driver is in, such as the steering wheel that is “mood trained” and displays that promote the mental health of the driver.

The Toyota i-REAL offers pedestrians added safety.  It is a solo transport that offers maneuverability because it sits upright.  This allows the driver to be at eye level with pedestrians.  Also, it will stretch out its wheels making it more aerodynamic and stable when you want to travel long distances.

The time has come when automakers are realizing that vehicle design can have an impact on how friendly people are.  Toyota is making great strides in accommodating fellow drivers and passengers to make our world a friendlier place.  Consumers are willing to pay extra money on car costs that will make their lives easier, such as new car warranties, insurance, and even friendlier cars.

Although General Motors has been busy planning a lineup of electric cars and subcompacts, it doesn’t mean that they have forgotten how to have a little fun.

The 2010 Camaro is based on the 2007 model.  It has a design that is modern, but has an influence of the Camaros in the late Sixties.  Chevrolet is trying to use the retro influence that has made the Ford Mustang and Dodge Challenger successful.

The new Camaro isn’t exactly an economy car.  It is offered in a 3.6-liter V-6 with 296 hp, or a 6.2-liter V-8 with 416 hp.  However, the V-8 has the ability to make itself a four-cylinder while cruising on the highway.  According to Chevrolet, the car can get more than 30 mpg in this mode.

Although consumers are demanding small, fuel-efficient cars, and protecting themselves by purchasing new car warranties, it doesn’t mean they don’t get excited about fun cars.  The Chevrolet Camaro is the prime example of this.

In this struggling economy, automakers can’t count on slick styling and big engines alone to lure buyers.  Consumers have changed their tastes: appearance and performance are still a priority, but value, gas mileage and practicality are becoming more important than every, according to experts.  In addition, people are protecting themselves with new car warranties and road service programs.

Fuel-efficiency stays on the top of people’s minds.  A study was conducted in January by the Consumer Federation of America, finding that even though gas is at $2 per gallon, drivers are still looking for 20% better mileage in their next car.

However, don’t count out the importance of performance.  Derrick Kuzak, who is the head of product development at Ford said, “I think people are looking for both [performance and efficiency].  He also said the carmaker’s EcoBoost initiative, which is basically downsizing engines for better fuel-efficiency but adding on turbochargers to make up for performance that is lost, is a way to satisfy both demands.

People assume that more power means poor gas mileage, but this isn’t the case.  Now there are advanced drivetrains, better aerodynamics and lighter materials.  There are popular vehicles in every car segment, from the Toyota Prius to the Escape that are more fuel-efficient and quicker with every redesign.

If you’re purchasing a used car you need to find out as much history as possible about it.  The car may have problems that are not apparent from a visual inspection or a test drive.

A car history report is a good way to find out what you’re getting.  This is a report prepared by a third party that is a compilation of information from DMVs, RMVs, and other sources.  A car history report will give you an overview of what the car has been through.

When getting a car history report look out for the following things.  This is not to say that you shouldn’t buy the car based on these issues, but certainly ask questions.

If a car has had a lot of owners, chances are it hasn’t been cared for lovingly.  These cars have probably endured more abuse.

Some areas of our country are easier on vehicles than others.  For example, extreme winter conditions are tough on vehicles, as are flood areas and extreme heat.

Make sure the name and description of the car match up with the actual car.  Read the description carefully to rule out vehicle fraud.

Car history reports, such as those from CARFAX are comprehensive and can save you from purchasing a lemon.  Just performing simple steps, such as getting a car history report and used car warranties may save you from having to call for auto road service.

Do you find that you are apprehensive about negotiating with an auto dealer?  Shopping for a vehicle doesn’t have to be nerve-racking, however, you need to be aware of a few things that you shouldn’t say to a dealer.

First, you shouldn’t start talking about monthly payments, instead focus on negotiating the purchase price.  It can become confusing when you’re discussing monthly payments because it might be unclear whether the payment is for 24 or 36 months.

Don’t tell the dealer right away if you’re willing to trade-in your car.  If the dealer is aware of this he will know that you want to get as much money for your car as possible.  The dealer might agree to give you a lot for your trade-in, but usually it’s a smokescreen because then they will fix the price of the new car.

Don’t tell the dealer if you’re planning on paying for the car in cash.  They count on making a lot of money in financing, and if they know that they won’t be able to count on that money, chances are they won’t negotiate on the sticker price.

Do your homework before showing up at a dealership.  Be prepared with information about new car warranties, financing, and vehicle prices.  This will help you negotiate a successful deal on a car.

Regardless of the year or make, one of the biggest investments people will make is a vehicle.  Buying a used car is a great way for consumers to save some money.  However, risks can be higher, which is why an auto warranty should be purchased for the car.  Fortunately, there are ways that buyers can recognize the difference between dependable used cars and lemons.

The safest thing to do is to have the car that you are looking to buy checked out by a licensed mechanic.  However, there are some things that you can do on your own.

For instance, bring a soft magnet from your refrigerator to determine if there is damage underneath a new coat of paint.  You can run the magnet all along the fenders and doors, which are steel.  If it seems that the magnet won’t stick, there is probably a type of body filler under the paint.

Also, examine the inside of the vehicle for stains from water.  If the car was damaged in a flood, it could mean trouble in years to come.  You also want to look at the wear on the pedals of the vehicle.  It should be consistent with what the mileage claims to be.  If there is low mileage, there should be little wear on the pedals.

Don’t forget to examine the tires of the vehicle, too.  If you see wear on the outside edges of the tires, the car is probably out of alignment or might have components that are worn-out.

Knowing what to look for in a used vehicle will bring you peace of mind about your purchase.  Also, know that used car warranties will allow you to save on costly repairs that are unforeseen.

Ford, who apparently loves mini-sites, has started a webpage for the new 2011 Ford Fiesta.  It may be premature, but since Ford is trying desperately to prove itself, displaying some of its cars of the future makes perfect sense at the moment.

Ford displays a few pictures of the vehicle, however, Ford says that they are pictures of the 2009 European model, and also reveals some information about available content of the car.

Since the features appear to be luxury-like, it seems Ford is going to market this car as a premium subcompact that will compete with the Honda Fit.  However, car shoppers seem to care more about standard features, which Ford hasn’t released yet.  But make a note that the 2011 Fiesta will have standard stability control when it is available for sale in 2010.  That’s two years before it is going to be mandated by federal law.

Car shoppers will have to wait for additional information about the 2011 Ford Fiesta, such as prices, standard features, and information about new car warranties.

Thanks to the poor economy, people are skipping the big purchases and becoming disciplined shoppers.  Instead of splurging on cars equipped with all of the gizmos, people are holding onto their current rides and purchasing used car warranties.  However, with some savvy buying tips, you can get a new car with great features.  Here’s how.

First of all, in order to splurge in the cabin, downgrade under the hood.  You can purchase a car with a smaller engine and still enjoy the interior upgrades.  For example, a Honda Accord that is top-of-the-line comes with heated seats, leather upholstery, dual climate control, and plenty of other comforts, all for $29,000.  However, instead of getting the V-6, you can get a four-cylinder for $3,000 less that will also allow you to save on gas.

Also, you can save by ordering options a la carte.  Many times, popular options, such as a sunroof or heated seats get bundled together into megapackages that has a lot of features you may not need or want to pay for.  So, shop around for cars with smaller packages, or just order the features you really want.

Finally, skip the options that are the most expensive.  Features such as entertainment and navigation systems can cost you an extra $2,000.  By purchasing a portable DVD player and navigation system you can spend less than $500 combined.

When purchasing a new car it is important to put your money towards necessary things, such as new car warranties, safety features, and maintenance costs.  Pick your upgrades wisely to avoid going over your budget.

When purchasing a family vehicle several things should be considered.  These include reliability, safety, fuel-efficiency, and other personal concerns.  In addition, consumers should factor in the price of the vehicle to own, not just the sticker price.  For instance, new car warranties, maintenance costs, and insurance all need to be part of the equation.

It doesn’t have to be a hard process to shop for the right family car.  All you need to do is put some time into research beforehand so that you know your options.  Parents should evaluate how they will be using the car, the type and amount of cargo they intend on carrying, and how their needs might vary in the future.

Generally, parents need to focus on finding a vehicle that offers a lot of space and is versatile.  Families need a sufficient amount of cargo space, easy access, and windows that the kids can look out with ease.  If the rear seats are low, kids won’t be able to see out the windows, and they won’t be as happy.

There are many great options for family vehicles.  Small families will be just fine in four door sedans, or station wagons, whereas large families will benefit from an SUV or minivan.  Thinking through your needs in advance will ensure the proper choice.  In addition, doing your homework will save you money on the sticker price and an auto warranty.